Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.
Indias largest passenger airline, IndiGo has hiked the salaries by for the second time in . ...
Indias second-largest IT services firm, Infosys chief executivenbspSalil Parekhs total compensat...
Software giant, Microsoft said it would be slowing down some of its hirings to become more cautious ...
According to media reports, Mahindra & Mahindra hikes Rs 14,500 in monthly salary for 750 people in the Hingna plant. The state labour commission has mediated an agreement between the management of the Mahindra & Mahindra Hingna plant at Hinga Road and 750 employees. According to the agreement, these employees will now get a salary hike […]
For a long, the companies had the command over the pay and this seems to be changing now. The IT companies have been managing their operational costs by keeping a tight check on the fresher salaries. With the current package structure, the IT companies find it difficult to attract new talent now at the old […]
India’s second-largest IT services provider, Infosys announces bumper salary hikes, promotions, and bonuses to its employees to deal with rising attrition. According to media reports, Banagluru-based- IT major plans to offer an average rise of 12-13 percent to its employees in India. The company also plans to give high-potential employees a hike up to 20-25 […]
Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company is increasing compensation for its employees as the labor market tightens and employees contend with increasing inflation. Microsoft has planned to “nearly double” its budget for employee salary increment and boost the range of stock compensation to give some workers by […]
The median salary increment this year is likely to be around 8.13 per cent as the country recovered from the after effects of pandemic-related disruptions, a report said. According to the ‘Jobs and Salary Primer Report for FY2022 by TeamLease’, unlike the last two years, this year most of the job roles from across sectors […]
As entry-level employees in India’s IT companies continue to rise faster, the IT firms are now focusing on hiring fresh graduates and increasing their salaries. Apparao V.V., Chief Human Resources Officer, HCL Technologies said, “The salaries for entry-level engineers have been revised to Rs 4.25 lakh this year from Rs 3.65 lakh. We are also […]
IT major, Infosys said that it has already hired 85,000 freshers both off-campus and on-campus in the financial year 2022 which ended on March 31. Infosys attrition rate reaches 27.7% in the March quarter, up from 25.5% in the December quarter, but the management was confident that attrition was actually down in the last quarter. The […]
India’s largest IT services provider company Tata Consultancy Services (TCS) had added over 100,000 employees from campus for fiscal 2021-22. The company has announced to hire 40,000 people from the campus in the first quarter of FY23. The company has added 35,209 employees on a net basis for the fourth quarter ended on March 31, […]
Pilots of India’s largest passenger airline, IndiGo are disappointed over the recent 8 per cent salary hike announced by the airline. They were expecting the restoration of the 28 per cent cut, that was imposed two years back. “Around 28 per cent of our salary was cut during the pandemic, instead of restoring it to […]
Indian companies are expected to dole out an average increment of 9.1 percent in 2022, higher than the pre-COVID-19 increment in 2019, as companies are focusing on retention of talent through rewards. According to the 2022 Workforce and Increments Trends Survey by Deloitte Touche Tohmatsu India LLP, the average India 2022 increment is expected to […]
According to a Reuter report, Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo. The memo does suggest the increase in compensation will be applicable for most jobs globally. The hike will allow Amazon to hire the […]
Bank of America Corp is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one of the most competitive years for pay on Wall Street. Just a day earlier, the bank said 97% of its employees would get special compensation awards […]
